promulgated contracts quizzes | Q&A Latest 2024/2025 | 100% PASS

promulgated contracts quizzes | Q&A Latest 2024/2025 | 100% PASS A "meeting of the minds" - Answer -mutual consent A contract in which only one party is obligated to perform - Answer - unilateral contract Transfers all of the rights related to the contract to another party known as an assignee - Answer -asignment A contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed - Answer -executory contract Occurs when a new contract is substituted for an existing one - Answer - novation A contract that lacks mutuality - Answer -voidable contract A contract of sale between a buyer and seller - Answer -bilateral contract A contract that cannot be enforced against one or more of the parties - Answer -voidable An agreement between a buyer and seller or landlord and tenant - Answer -option If a contract has been entered into with a person who has been judged to be incompetent, that contract is con